This stock both fundamentally or technically is undervalued
Continuation of same pattern bullish after Touching the support
Strategy: Buy @ 2407 ------------------------------ TCS was on uptrend and correcting it's uptrend after hitting 2700 resistance zone. Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave impulse move in nested manner. 2407 can...
this is my alternate elliott wave view 15 minute chart based on which an upmove upto 488 is possible
This could have started a big move up. Seems worth it as the setup is invalidated if it makes a new low..
Tata Steel is in an uptrend and is correcting now. It seems to be on the verge of completing an a-b-c correction. It's likely for an impulse to start from here in the upward direction which could target the monthly chart trendlines.
Higher Highs, Higher Lows with High Volume - Just a great buy
We got a Bearish Cypher which offers us better Risk:Reward compared to the usual ones we trade. Some may have noticed earlier and got into trade and if you haven't then here is your chance still valid to enter the Trade with lesser Risk. Choose your Stops and Targets wisely according to your Plan. Hit Agree if you like the Idea.. Share your views/opinions in...
A perfect double top is formed in the resistance zone itself. Q4 results are coming on Monday ( 18.04.2016), so keep a note of it and trade accordingly. If all goes as our study , we are looking for 100pts downward move. Trade Safe ! Happy Trading !
According to elliot wave principle, the stock completes entire 8 waves on its weekly chart. Now, we expect a correction of 61.8 from the current impulse move in order to restart the wave cycle again.
Bearish Cypher pattern with resistance confirmation, now I expect to price to fall at 330 levels from current price level. Selling will be seen and 61.8 retracement expected.
I'm looking for 3 good reasons: 1. Channel line to bounce up off after retracing from bouncing off top of channel. 2. Still above 50 and 200 moving averages, with 50 above the 200. 3. Resistance at 40.6 likely to become new support. There's also a good reason to bounce up at 38.91, with channel confluence as well as previous resistance at that level.